In this paper we are investigating how production risk may influence the way a risk averse producer like a subsistence farmer chooses optimal input levels. Risk averse producers will take into account both the mean and the variance of output, and therefore we expect them to choose input levels...

A frequently encountered problem in import demand estimation is how to account for competition between imports and domestic production. Traditionally, use of the Armington model has been a way to handle this problem. This is a disaggregate model which distinguishes commodities by country of...

This paper investigates the competition between domestic catfish filletsand imported tilapia fillets in the US market. The market segmentationbetween fresh and frozen fillets of both species is also considered. The substitutabilitybetween catfish and tilapia is of interest because market reports...

Sales and distribution innovations have increased productivity in the salmon aquaculture industry. In this article, we investigate the use of fixed price contracts for Norwegian salmon exports to France based on all export transactions between the two countries. Our analysis shows that almost...

This paper examines the relationship between causality models and cointegration models in testing for price integration and the Law of One Price (LOP). In our review, we show that cointegration models, which allow for nonstationarity in prices, are a natural extension of the traditional...

In this paper, we investigate the suppliers' allocation decisions between different product forms and markets using supply equations derived from a translog revenue function. This is of interest based on the hypothesis that fish processors and importers respond to changes in relative prices,...